This report counts for each subject the total number of merit results awarded to students in 2012. Where subjects have equal merit counts, entries are listed alphabetically.
| 1 | Accounting | 14 |
| 2 | Agricultural and Horticultural Science | 1 |
| 3 | Agricultural and Horticultural Studies | 1 |
| 4 | Arts and the Community | 2 |
| 5 | Australian and International Politics | 1 |
| 6 | Australian History | 1 |
| 7 | Biology | 66 |
| 8 | Business and Enterprise | 10 |
| 9 | Chemistry | 54 |
| 10 | Child Studies | 13 |
| 11 | Chinese (Background Speakers) | 1 |
| 12 | Chinese (Continuers) | 2 |
| 13 | Classical Studies | 3 |
| 14 | Communication and the Community | 1 |
| 15 | Communication Products I | 4 |
| 16 | Communication Products II | 3 |
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| 17 | Composing and Arranging | 2 |
| 18 | Creative Arts | 3 |
| 19 | Croatian (Continuers) | 1 |
| 20 | Dance | 2 |
| 21 | Design, Construction and the Community | 1 |
| 22 | Drama | 13 |
| 23 | Economics | 8 |
| 24 | English as a Second Language | 1 |
| 25 | English as Second Language Studies | 3 |
| 26 | English Communications | 81 |
| 27 | English Studies | 36 |
| 28 | Ensemble Performance | 8 |
| 29 | Food and Hospitality | 19 |
| 30 | French (Continuers) | 2 |
| 31 | Geography | 6 |
| 32 | German (Continuers) | 1 |
| 33 | Health | 2 |
| 34 | Indonesian (Continuers) | 1 |
| 35 | Information Processing and Publishing | 13 |
| 36 | Information Technology | 1 |
| 37 | Integrated Learning | 5 |
| 38 | Italian (Continuers) | 2 |
| 39 | Japanese (Continuers) | 1 |
| 40 | Legal Studies | 20 |
| 41 | Material Products I | 2 |
| 42 | Material Products II | 2 |
| 43 | Mathematical Applications | 34 |
| 44 | Mathematical Methods | 12 |
| 45 | Mathematical Studies | 73 |
| 46 | Media Studies | 1 |
| 47 | Modern Greek (Continuers) | 1 |
| 48 | Modern History | 14 |
| 49 | Music in Context | 1 |
| 50 | Music Individual Study | 4 |
| 51 | Music Technology | 1 |
| 52 | Musicianship | 4 |
| 53 | Nutrition | 5 |
| 54 | Outdoor Education | 5 |
| 55 | Performance Special Study | 7 |
| 56 | Persian (Background Speakers) | 1 |
| 57 | Philosophy | 2 |
| 58 | Physical Education | 12 |
| 59 | Physics | 49 |
| 60 | Psychology | 36 |
| 61 | Religion Studies | 6 |
| 62 | Research Project B | 215 |
| 63 | Russian (Continuers) | 1 |
| 64 | Scientific Studies | 2 |
| 65 | Society and Culture | 16 |
| 66 | Solo Performance | 13 |
| 67 | Spanish (Beginners) | 1 |
| 68 | Spanish (Continuers) | 1 |
| 69 | Specialist Mathematics | 27 |
| 70 | Systems and Control Products I | 1 |
| 71 | Systems and Control Products II | 1 |
| 72 | Tamil (Continuers) | 1 |
| 73 | Tourism | 4 |
| 74 | Vietnamese (Background Speakers) | 1 |
| 75 | Vietnamese (Continuers) | 1 |
| 76 | Visual Arts - Arts | 14 |
| 77 | Visual Arts - Design | 7 |
| 78 | Vocational Studies B | 19 |
| 79 | Women's Studies | 2 |
| 80 | Work and the Community | 1 |
| 81 | Workplace Practices | 18 |